Problem P8-7 ( S al IU) Use your financial calculator to determine the monthly payments for each of the following $94.400 mortgage loans. Assume no prepayments. a. 30-year fixed at 9 percent b. 15-year fixed at 8 percent c. 20-year fixed at 8.5 percent Click on the table icon to view the MILPF table ! . (Round to the nearest cent.) a. The monthly payment, PMT, on the 30-year loan is $ Monthly Installment Loan Tables ($1,000 loan ith interest payments compounded monthly) i 24 30 36 48 60 72 84 96 120 180 240 360 4.00% 43.42 35.08 29.52 22.58 18.42 15.65 13.67 12.19 10.12 7.40 6.06 4.77 4.25% 43.54 35.19 29.64 22.69 18.5315.76 13.78 12.31 10.24 7.52 6.19 4.92 4.50% 43.65 35.31 29.75 22.80 18.64 15.87 13.90 12.42 10.36 7.65 6.33 5.07 4.75% 43.76 35.42 29.86 22.92 18.76 15.99 14.02 12.54 10.8 7.78 6.46 5.22 5.00% 43.87 35.53 29.97 23.03 18.87 16.10 14.13 12.66 10.61 7.91 6.60 5.37 5.25% 43.98 35.64 30.08 23.14 18.99 16.22 14.25 12.78 10.73 8.04 6.74 5.52 5.50% 44.10 35.75 30.20 23.26 19.10 16.34 14.37 12.90 10.85 8.17 6.88 5.68 5.75% 44.21 35.87 30.31 23.37 19.22 16.46 14.49 13.02 10.98 8.30 7.02 5.84 6.00% 44.32 35.98 30.42 23.49 19.33 16.57 14.61 13.14 11.10 8.44 7.16 6.00 6.25% 44.4336.09 30.54 23.60 19.45 16.69 14.73 13.26 11.23 8.57 7.31 6.16 6.50% 44.5536.20 30.65 23.71 19.57 16.81 14.85 13.39 11.35 8.71 7.46 6.32 6.75% 44.66 36.32 30.76 23.83 19.68 16.93 14.97 13.51 11.48 8.85 7.60 6.49 7.00% 44.77 36.43 30.88 23.95 19.80 17.05 15.09 13.63 11.61 8.99 7.75 6.65 7.25% 44.89 36.55 30.99 24.06 19.92 17.17 15.22 13.76 11.74 9.13 7.90 6.82 7.50% 45.00 36.66 31.11 24.18 20.04 17.29 15.34 13.88 11.87 9.27 8.06 6.99 7.75% 45.11 36.77 31.22 24.30 20.16 17.41 15.46 14.01 12.00 9.41 8.21 7.16 8.00% 45.23 36.89 31.34 24.41 20.28 17.53 15.59 14.14 12.13 9.56 8.36 7.34 6AE 2127 A 94 kann 17 16 711 271 070 069761 Print Done our Stud